Updated Aug 7, 2025
Van Wilgen Garden Mart Acquires Retail Space In Southington, CT For $3.2M
1198 Queen Street
$3,200,000
Building Size
—
Asset Type
Retail
Closing
Aug 5, 2025
About this deal
AI
The retail asset involved in the transaction is located at 1198 Queen Street in Southington, CT. The transaction was completed with a sale price of $3,200,000, reflecting the property's value in the current market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Buyer: Van Wilgen Garden Mart
- Broker: Matt Halprin - New England Retail Properties
Van Wilgen Garden Mart successfully acquired the former Smithland Supply Pet & Garden Center, with the deal facilitated by broker Matt Halprin from New England Retail Properties, showcasing expertise in retail transactions.
Players
Southington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93